Many energy companies have elected to reduce or suspend dividends over the course of 2015, but not everyone. On March 29, 2016, SM Energy (ticker: SM; SM-Energy.com) announced that the board of directors had approved a semi-annual cash dividend of $0.05 per common share of stock outstanding. This equates to a $0.10 yearly dividend, and a dividend yield of 0.53% based upon a closing price of $18.74 on March 31, 2016.
The dividend will be paid on May 4, 2016, to stockholders of record as of the close of business on April 22, 2016. The Company currently has approximately 68.1 million shares of common stock outstanding.
SM Energy has made the decision to maintain their dividend despite the commodity prices remaining at a depleted level from years past.
Oil & Gas 360® has compiled a list of E&Ps that are paying a dividend. Listed by current yield, here they are:
*Corrected on 4/1/2016
